The closely followed crypto strategist and trader Michaël van de Poppe reveals two relatively unknown altcoins that offer massive entry opportunities.
In a new tweet, Van de Poppe tells Its 85,000 followers observe the Ocean Protocol (OCEAN), a platform that allows companies to sell their data and buy data in a secure market. According to the analyst, traders can wait until OCEAN is down over 37% versus Bitcoin (BTC) before making a listing.
“I discussed that level 3,900 (Satoshis) is a very important level to break. Failed. Lower highs, lower lows. Looking at the support at 2,500 and 1,900 (satoshis) for massive entries. Everything goes back completely. “
Van de Poppe is also working on Tomochain (TOMO), a project that aims to improve the scalability problems of many blockchains. The crypto strategist says TOMO presents a great opportunity against BTC as it trades close to the historical support of 0.000034.
As for the TOMO / USDT (tether) couple Van de Poppe expected it’s supposed to carve a floor and build a new base on the way to a new all-time high before June 2021.
“Most likely we will find resistance around USD 0.80 so we are getting closer. Most likely, we’ll get something like this: either we’ll go back to $ 0.48 or $ 0.59. These two levels I look for accumulation for a swing trade …
Target zones when we hit the new rally and impulse wave are clearly above a dollar ($ 1.00), around $ 1.60, and you can use the Fibonacci 1618 extension tool that will set you targets at $ 2.50 can determine. ”
While the trader waits for corrections in OCEAN and TOMO, he is optimistic about the entire altcoin market.
The next off-season will be absolutely ridiculous.
– Michaël van de Poppe (@CryptoMichNL) 20th November 2020
Van de Poppe expects a profound correction for Bitcoin as the largest cryptocurrency is still in the middle of a historic rally.
“I think we’re going to drop to $ 16,000 first. Have some area-based moves that make altcoins work relatively well. Then another, final drop towards $ 14,000, and from there we’ll keep working. “
Looking at Ethereum (ETH), Van de Poppe Cards off The rise of the leading smart contract platform in the coming months. He predicts that ETH will have one last leg at around $ 400 before rising to $ 1,000 in October 2021.
Selected image: Shutterstock / Kunstofen